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Letter "P" » Paul Mendelsohn Quotes
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«It's hard to say how the market will react to this tomorrow. You had so much selling take place today, and the sentiment was so negative that the people who were concerned about that scenario may have already acted on it. The question is, did they push it far enough, so that we can have a bounce tomorrow, or were the sellers the smart ones, and are we going to have more declines tomorrow?»
Author: Paul Mendelsohn
«We're at pretty high levels on the indexes, there's a lot of economic news coming out over the next few days, and Friday is a quadruple witching day, all of which is adding to the volatility and the pullback.»
Author: Paul Mendelsohn
«With expectations for the third quarter already built in, money managers have begun selling on the news and taking money off the table.»
Author: Paul Mendelsohn
«Most traders will really be positioning for the October employment report. Economists are expecting that non-farm payrolls rose by approximately 50,000 during the month, providing evidence that with two straight months of employment growth, the jobs picture is finally turning around.»
Author: Paul Mendelsohn
«This is a very difficult market to figure out. I think you have a lot of buying under the surface, but professional traders are hedging themselves and that's causing this lack of volatility.»
Author: Paul Mendelsohn
«I think a lot of investors want to see the July numbers and get a handle on whether June was just an aberration or a harbinger of things to come. The key next week is going to be that employment report.»
Author: Paul Mendelsohn
«Friday is the key report for the markets this month, in terms of setting us up for what direction the market will take after Labor Day.»
Author: Paul Mendelsohn
«The market got what it wanted today, but now it has Friday's payrolls report ahead of it, a Federal Reserve meeting next week ahead of it. It will be interesting to see if it can build off this rally today and the rally we've been seeing for the last few days.»
Author: Paul Mendelsohn
«We had a good rally based on the election outcome and it was totally as anticipated.»
Author: Paul Mendelsohn
«I wouldn't say we're out of the woods just yet, I would say we've stopped where we should and we'll have to see if we can push higher.»
Author: Paul Mendelsohn
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